Sumitomo Metal Mining : Consolidated Financial Results (for the Second Quarter Ended September 30, 2015)

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Consolidated Financial Results for the Second Quarter Ended September 30, 2015 [J-GAAP]

Listed Company Name: Sumitomo Metal Mining Co., Ltd. Code: 5713

Listings: Tokyo Stock Exchange

URL: http://www.smm.co.jp/

Representative: Yoshiaki Nakazato, President and Representative Director

November 10, 2015

Contact: Tsuyoshi Nozawa, Deputy General Manager, PR & IR Dept. TEL: [phone] Scheduled Date to Submit Quarterly Report: November 13, 2015

Scheduled Date to Start Dividend Payment: December 4, 2015

Preparation of Supplementary Explanation Materials for Quarterly Financial Results: Yes Briefing on Quarterly Settlement: Yes (for institutional investors)

(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results (From April 1, 2015, to September 30, 2015)

2. Consolidated Operating Results

   (% figures show year-on-year change)

   Net sales	Operating income	Ordinary income	Profit attributable to owners of parent
   Six months ended September 30, 2015	Millions of yen %	Millions of yen %	Millions of yen %	Millions of yen %
   	459,215 3.1	51,469 -6.9	64,586 -19.1	53,758 -3.1
   Six months ended September 30, 2014	445,470 7.1	55,287 35.8	79,857 41.2	55,452 38.5

   (Note) Comprehensive income

   Six months ended September 30, 2015: ¥ 56,129 million (63.9%);

   Six months ended September 30, 2014: ¥ 34,242 million (-69.9%)

   
   

   Profit per share (Basic)	Profit per share (Diluted)
   Six months ended September 30, 2015 Six months ended September 30, 2014	Yen 97.45 100.46	Yen 88.48 89.52

   
   

3. Consolidated Financial Position

   Total assets	Net assets	Equity ratio
   As of September 30, 2015	Millions of yen	Millions of yen	%
   	1,745,042	1,203,687	61.9
   As of March 31, 2015	1,740,246	1,158,945	60.4

   (Reference) Shareholders' equity

   As of September 30, 2015: ¥1,080,436 million; As of March 31, 2015: ¥1,051,224 million

   
   

4. Dividends

   Dividend per share
   First quarter-end	Second quarter-end	Third quarter-end	Year-end	Total
   Year ended March 31, 2015	Yen	Yen	Yen	Yen	Yen
   	―	24.00	―	24.00	48.00
   Year ending March 31, 2016	―	21.00
   Year ending March 31, 2016 (Forecast)	―	10.00	31.00

   (Note) Revision of dividend forecast that has been disclosed lastly: Yes

   
   

   - 1 -

5. Forecast of Consolidated Operating Results for the Year Ending March 31, 2016 (From April 1, 2015, to March 31, 2016)

   (% figures show year-on-year change)

   Net sales	Operating income	Ordinary income	Profit attributable to owners of parent	Profit per share
   Full year	Millions of yen % 865,000 -6.1	Millions of yen % 74,000 -41.2	Millions of yen % 85,000 -51.2	Millions of yen % 68,000 -25.4	Yen 123.26

   (Note) Revision of operating results forecast that has been disclosed lastly: Yes

   
   

   Notes

6. Change in Important Subsidiaries during the Period under Review (Change in specific subsidiaries that will accompany a change in scope of consolidation): None

   
   

7. Application of Accounting Procedures Specific to Quarterly Consolidated Financial Statements: Yes (Note) For further details, please refer to '2. Summary Information (Notes)' on page 4.

   
   

8. Changes in Accounting Policies or Estimates and Retrospective Restatements

9. Changes in accounting policies in accordance with revision of accounting standards: Yes

10. Changes in accounting policies other than item 1) above: None

11. Change in accounting estimates: None

12. Retrospective restatements: None

    (Note) For further details, please refer to '2. Summary Information (Notes)' on page 4.

    
    

13. Number of Outstanding Shares (Common stock)

14. Number of shares issued as of end of period (including treasury stock) 581,628,031 shares at September 30, 2015

    581,628,031 shares at March 31, 2015

15. Number of shares of treasury stock as of end of period 29,973,010 shares at September 30, 2015

    29,948,647 shares at March 31, 2015

16. Average number of shares during the period

551,664,148 shares for six months ended September 30, 2015

552,000,831 shares for six months ended September 30, 2014




Presentation regarding status of quarterly review procedure

The consolidated financial results presented herein are not subject to the quarterly review procedure specified by the Financial Instruments and Exchange Act. The review procedure for quarterly consolidated financial statements specified by the Financial Instruments and Exchange Act has not been completed at the time of the disclosure of these financial results.




Explanation regarding appropriate use of operating results forecast and other special notes

The forecast of consolidated operating results for the year ending March 31, 2016, disclosed on May 12, 2015, has been revised in this report. The forward-looking statements, including business results forecast, contained in these materials are based on information available to the Company and on certain assumptions deemed to be reasonable as of the date of release of this document and they are not meant to be a commitment by the Company. Also, actual business results may differ substantially due to a number of factors.




(Supplementary Explanation Materials for Financial Results)

The Supplementary Explanation Materials will be posted on the Company's website on Tuesday, November 10, 2015.